ABU DHABI: In yet a fresh sign of a positive economic outlook for the country, Abu Dhabi’s non-oil foreign trade during H1 2018 amounted to Dhs80.1 billion, with the month of June recording a growth of 30 per cent.
According to figures recently released by the Statistics Centre- Abu Dhabi, the emirate’s non-oil exports stood at around Dhs11.08 billion during H1, up 10.5 per cent from Dhs10.9 billion in the corresponding period of 2017, with re-exports significantly increasing by 10.5 per cent from Dhs11.12 billion to Dhs12.3 billion during the same monitored period.
In the meantime, imports dropped to Dhs56.7 billion in June against Dhs58.4 billion on the same month last year, corroborating a rationalised consumption trend across the emirate.
The statistics cover the emirate’s non-oil trade conducted through its land, sea and air ports, and do not include all the emirate’s trade with the outer world, nor do they include Abu Dhabi’s trade with the country’s other emirates.
On a monthly level, Abu Dhabi’s non-oil trade jumped to a one-month peak of Dhs12.4 billion in June, a growth of 30 per cent from the same month last year.